The Letters Y,Ca,Ig,Xn,G,and T Stand for GDP,consumption,gross Investment,net Exports,government Purchases,and
Multiple Choice
The letters Y,Ca,Ig,Xn,G,and T stand for GDP,consumption,gross investment,net exports,government purchases,and net taxes respectively.Figures are in billions of dollars.
Ca = 25 + .75(Y - T )
Ig = Ig0 = 50
Xn = Xn0 = 10
G = G0 = 70
T = T0 = 30
-Refer to the above information.The equilibrium level of GDP for this economy is:
A) $600
B) $530
C) $415
D) $400
Correct Answer:
Verified
Correct Answer:
Verified
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